Bitcoin Is in a Fight at $60K—Here's What the Charts Say
BTC kissed $58,800 and bounced.
Metaplanet's Bitcoin strategy could reshape Japan's financial landscape, influencing corporate investment trends and retail investor behavior.
OranjeBTC's strategic Bitcoin accumulation and debt-financed growth model could amplify returns but also heighten risk amid Bitcoin volatility.
June 29, 2026, 7:25 pmThe crypto exchange-traded fund (ETF) market entered the final week of June with one foot on the brake and the other still searching for growth. Bitcoin and ether funds suffered another bruising stretch of redemptions, yet the same market continued to send capital into XRP and HYPE products, underscoring a sharp split in investor appetite.
June 29, 2026, 7:15 pmBTC kissed $58,800 and bounced.
Bitcoin faced its own battle for support as US stocks headed higher and analysts warned of a lack of "conviction" among BTC buyers.
Strategy’s potential bitcoin sales have raised concerns among market watchers after Peter Schiff warned the company could put pressure on prices if it begins selling up to $3.25 billion worth of bitcoin. Schiff Sounds Alarm as Strategy’s Massive Bitcoin Sale Potential Raises Fears of Market Shock Strategy Inc.
Software firm Strategy (formerly MicroStrategy) and its co-founder Michael Saylor have become synonymous with Bitcoin.
BitMine Immersion Technologies continued adding to its Ethereum stockpile, even as its Bitcoin counterpart Strategy stood pat.
Over the past year, the artificial intelligence trade has become one of the main pillars supporting global risk appetite. However, the Bank for International Settlements (BIS) is now warning that the same spending boom could become a source of financial stress if expected returns fail to arrive.
Strategy has announced a pivot in how it will manage capital moving forward, with sales of Bitcoin, stock buybacks up to $2 billion in its own securities, and raising dividends on its troubled STRC preferred shares to 12%, all on the table according to its 8-K filing with the SEC on Sunday.
Strategy's valuation dip highlights the risks of heavy Bitcoin reliance, potentially forcing asset liquidation if BTC prices fall further.
On June 22, Strategy sold $335.5 million of its own common stock, set aside roughly $300 million of it in cash to bring its reserve up to $1.4 billion, and bought a total of 520 Bitcoin with what was left.